Posted on: 22nd Apr, 2010 09:09 am
i signed a quit claim deed. my name still appears on the mortgage. am i privy to any rights or equity in the house?... this is a divorce situation in the state of vt
Hi jandrew!
Welcome to forums!
Signing the quit claim deed will only remove your name from the property deed. It won't remove you from the mortgage. Your spouse will have to refinance the loan in order to remove you from it. As you do not have ownership rights to the property, you'll not be able to claim any equity from that property.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Signing the quit claim deed will only remove your name from the property deed. It won't remove you from the mortgage. Your spouse will have to refinance the loan in order to remove you from it. As you do not have ownership rights to the property, you'll not be able to claim any equity from that property.
Feel free to ask if you've further queries.
Sussane